Industrials Oct 22, 2020 12:20 PM (GMT+8) · EqualOcean
Negatively affected by the COVID-19, the rail transit construction was in a slower development stage in the first half of 2020. However, CRSC’s new order in the subway business showed a rising trend. Under governments’ support in rail transit construction, rail traffic become the firm’s primary income source. According to CRSC’s recent announcement, the firm won the bidding in the rail traffic market for ten projects, the total amount was about CNY 1.89 billion. Specifically, there were three projects in the railway market, seven projects in the urban railway system.

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